Avnet (AVT) Q1 Earnings Report Preview: What To Look For

Electronic components distributor Avnet (NASDAQGS:AVT) will be reporting earnings tomorrow before the bell. Here’s what to look for.

Avnet beat analysts’ revenue expectations by 1.6% last quarter, reporting revenues of $5.66 billion, down 8.7% year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations.

Is Avnet a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Avnet’s revenue to decline 6.4% year on year to $5.29 billion, improving from the 13.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Avnet has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Avnet’s peers in the tech hardware & electronics segment, some have already reported their Q1 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 4%, missing analysts’ expectations by 1.7%, and Knowles reported a revenue decline of 32.7%, topping estimates by 2.5%. TD SYNNEX traded down 16.6% following the results while Knowles was up 2.6%.

Read our full analysis of TD SYNNEX’s results here and Knowles’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the tech hardware & electronics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Avnet is up 7.5% during the same time and is heading into earnings with an average analyst price target of $52.25 (compared to the current share price of $51.70).

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